AgDay Daily Recap -November 04, 2013

AS THE NEED FOR PROPANE BECOMES EVEN MORE URGENT THIS TIME OF YEAR, FOR SOME ACROSS the MIDWEST AND NORTHERN PLAINS, IT'S SIMPLY NOT THERE. AND THAT'S OUR TOP STORY ON AGDAY.

PETERSON FARM BILL:

IN WASHINGTON, JUST AS THE CONFERENCE COMMITTEE STARTED DISCUSSIONS ON THE FARM BILL, PROGRESS WAS DISRUPTED BY A RECESS IN THE HOUSE. THE HOUSE OF REPRESENTATIVES WON'T BE BACK IN WASHINGTON UNTIL TUESDAY, NOVEMBER 12.

FARMING REGULATION:

AHEAD OF THE RECESS, THE HOUSE PASSED TWO BILLS AIMED TO PROVIDE REGULATORY RELEIF TO FARMERS. THE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE APPROVED A BILL CALLED "REDUCING REGULATORY BURDENS ACT." IT ADDRESSES DUPLICATION IN THE POLLUTION DISCHARGE PORTION OF THE CLEAN WATER ACT. THE OTHER IS A BILL FOR ON-FARM STORAGE UNDER THE SPILL PREVENT, CONTROL AND COUNTERMEASURE REQUIREMENTS SET BY THE EPA. IT UPS THE EXEMPTION LEVEL TO 10 THOUSAND GALLONS AND SELF-CERTIFICATION TANKS TO 42 THOUSAND GALLONS.

ALLENDALE INFORMA FORECAST:

A WEEK AHEAD OF USDA'S NEXT CROP PRODUCTION REPORT, BOTH ALLENDALE AND INFORMA CAME OUT WITH THEIR OWN FORECAST.

USDA CROP REPORT:

USDA WILL RELEASE IT'S CROP PRODUCTION FORECASTS THIS FRIDAY. THE REPORT WILL INCLUDE OCTOBER NUMBERS, SINCE THE GOVERNMENT SHUTDOWN PREVENTED THAT REPORT FROM BEING RELEASED. MUCH OF THE MARKET IS ANTICIPATING THESE HIGHER THAN EXPECTED CORN YIELDS TO SHOW UP. THAT'S WHY ROACH AG MARKETING'S ANDY SHISSLER SUGGESTS HAVING PROTECTION GOING INTO THE REPORT.CROP WATCH:

YIELDS HAVE BEEN SURPRISING IN MANY AREAS, BUT THAT'S NOT THE CASE EVERYHWERE. MIKE HOFFMAN HAS DETAILS IN THIS MORNING'S CROPWATCH.

MACHINERY PETE:

IN TODAY'S MACHINERY PETE MONDAY'S, GREG PETERSON EXPLAINS WHY HE'S KEEPING SUCH A CLOSE EYE ON WASHINGTON, AND WHY LACK OF ACTION THERE IS DRIVING UP THE PRICE OF USED EQUIPMENT.

SUNKIST LAWSUIT:

IN AGRIBUSINESS, A JUDGE HAS ORDERED THAT SUNKIST GROWERS INCORPORATED AND ITS TRUSTEES MUST RESTORE MORE THAN 1 POINT 6 MILLION DOLLARS IN RETIREMENT PLANS. THE DEPARTMENT OF LABOR DISCOVERED THE CALIFORNIA BASED CITRUS FARMING COOPERATIVE VIOLATED THE EMPLOYEE RETIREMENT INCOME SECURITY ACT BY MISHANDLING FUNDS. THE DEPARTMENT FOUND ASSETS FROM RETIRMEMENT PLANS WERE USED TO REIMBURSE COMPANY'S EXPENSES, SUCH AS EMPLOYEE SALARIES AND BENEFITS.

ANALYSIS:

EXPORT NUMBERS RELEASED LAST WEEK SHOWED COUNTRIES ARE GROWING HUNGRIER FOR U-S CORN AND SOYBEANS. DESPITE THE HIGHER NUMBERS, THE MARKET DIDN'T SEE QUITE THE SHAKE-UP MANY HAD ANTICIPATED. AND THAT'S THE TOPIC OF this MORNING'S ANALYSIS.

LEAD INTERNSHIPS:

COLLEGE IS AN EXCITING TIME FOR MANY YOUNG ADULTS. IT'S ONE OF THE FIRST EXPERIENCES MANY HAVE IN DISCOVERING WHAT'S THEIR CALLING IN LIFE. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF TENNESSEE, CHUCK DENNEY TELLS US WHY INTERNSHIPS ARE BECOMING A ROAD MORE TRAVELED.

SNAP CUTS:

AMERICANS WHO RECEIVE FOOD STAMPS HAVE LESS MONEY ON THEIR E-B-T CARDS. ON FRIDAY A TEMPORARY BOOST FROM THE 2009 OBAMA ECONOMIC STIMULUS RAN OUT.

MOVIE TRAILER:

AND A NEW MOVIE SHOWS YOUNG FARMERS' TRIALS AND LIFE ON THE RANCH AND FARM’. THE MOVIE CALLED FARMLAND WON'T BE RELEASED UNTIL NEXT YEAR, BUT THE MOVIE TRAILER IS NOW OUT. CHECK IT OUT.